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To: E.J. Neitz Jr who wrote (31256)	5/15/2001 10:01:33 AM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 53068

Ed, not saying there is no value in the stock. It has other assets. But WCOM is a long distance provider. As that revenue stream decreases it hurts the business. It is still a part of the value of the company and the Street still takes it onto consideration. Therefore, its not really an old story. Just look at the stock price. How much of revenue and profits come from long distance? From Feb. 28 this year. "In November, WorldCom (WCOM) announced plans to create a new tracking stock to separate its healthy business units from those that have floundered because of increasing competition among long-distance and wireless phone companies. WorldCom, like AT&T and Sprint, has been battered by long-distance price wars and new competition from wireless phones and technology that enable calls to be placed over the Internet. The source said Wednesday's job reductions accounted for about 6 percent to 7 percent of WorldCom's international work force of 90,000, which includes part-time and contract workers. Earlier this year the long-distance and Internet company posted fourth quarter earnings of $726 million, or 25 cents a share, in the October-December period, compared with $1.3 billion, or 44 cents a share, in the same period a year ago"